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    EXTRACT RESOURCES LTD (9.30% interest)

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Extract Resources Ltd is an ASX/TSX ("EXT") listed company focused on evaluating and developing the Husab Uranium Project. The project is strategically located within Alaskite Alley, an area that hosts several world class uranium deposits..

Its key asset is the Rossing South uranium project, where the company has discovered a high grade JORC compliant resource of 145 Mlbs U3O8 at a grade of 449ppm in zone 1; Zone 2 has a JORC resource of 122 Mlbs U3O8 at a grade of 543 ppm. The high grades and proximity to the operating Rossing mine make it an exciting discovery.

Rossing South Resources at 100ppm U3O8 cut-off



Rossing South – Well Located

Namibia is maturing into a world-class uranium mining district where mining and exploration in the country has drawn international attention. Namibia is serviced via a network of sealed highways connecting its capital city Windhoek, in the central plateau region of Namibia, with the coast at Walvis Bay, and with Botswana, Angola and South Africa. Generally unsealed, but maintained access roads provide regional access throughout Namibia. Power is available via local extensions to an extensive regional electricity grid originating in South Africa. The country is in one of the best positions to become a future powerhouse in uranium mining, which will satisfy a growing demand for uranium to meet the world’s future energy needs.


 

 
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